A Closer Look At The $170 Billion Net Worth Of World's Third Richest Person Jeff Bezos

Placed just behind Elon Musk and Bernard Arnault is the world¡¯s third richest person Jeff Bezos, who is the the founder of e-commerce giant Amazon, the world's biggest online retailer which Bezos began in 1994 to sell books online.

How Much Is Jeff Bezos' Net Worth?

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Amazon founder and billionaire Jeff Bezos currently has a net worth of $170 billion, as per the Bloomberg billionaire index. Bezos and his wife MacKenzie Scott divorced in 2019. MacKenzie received a 4% stake in Amazon as part of their separation.

Also Read: Why Amazon Shareholders Have Filed A Lawsuit Against Jeff Bezos

What All Contributes To Jeff Bezos' Wealth?

As expected, the biggest and majority of Jeff Bezos' net worth comes due to his stake in Amazon, which contributes about $144 billion to his wealth. $11.2 billion of his net worth is contributed by his private firm Blue Origin, whereas approx $14 billion in his net worth is cash, as per Bloomberg.

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Bezos owns about 10% of Amazon, the world's largest online retailer, according to the company's 2023 proxy statement. He also owns space exploration company Blue Origin, which is included in Bloomberg's calculation of investment cost. Determining a valuation for Blue Origin is difficult because of its unique strategy and the fact that Bezos is the sole shareholder with no apparent intent to sell.

Bezos said in April 2017 that he funds the enterprise through the sale of "about $1 billion a year of Amazon stock." That amount is deducted from the after-tax proceeds of his known share sales from 2014 and categorized as funding for Blue Origin. In 2021 the amount was increased to $2 billion as the company performed its first human-crewed flights and Bezos's share sales accelerated. Since 2002, he's sold about $30 billion worth of Amazon shares, based on an analysis of Bloomberg data.

Jeff Bezos paid $250 million for the Washington Post in August 2013, which is included at cost. Bezos also paid about $500 million for the superyacht, Koru, which launched in 2023.

He also committed $2 billion to social issues in 2018 and pledged in February 2020 to donate $10 billion to help counter the effects of climate change. These amounts will be deducted from his net worth when gifts are made.

The value of his cash investments includes these transactions, taxes and market performance. Bezos held 16% of Amazon before a 4% stake was transferred to MacKenzie Scott in 2019 following the pair's divorce. About $650 million was deducted from the cash balance at this time to reflect Bloomberg's estimate of the cost of his divorce outside of Amazon shares.

Also Read: Why Netflix Once Rejected Amazon's $15 Million Offer To Buy The Streaming Giant

When Did Jeff Bezos Become World's Richest Person?

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Jeff Bezos first overtook Microsoft co-founder Bill Gates as the world's richest person in 2017.

Why Did He Announce Amazon Retirement?

Bezos had announced in February 2021 that he would retire as CEO of Amazon, with plans to devote more time to his philanthropy and other companies. In July 2021 he joined Blue Origin's first crewed mission.

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